7077 Atlantic Ave Cape Canaveral, FL 32920-3703

Property Details for 7077 Atlantic Ave

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.84 lot acres

Property size

43,244 SF

Zone code

C2

Property type

Warehouses

APN

24-37-23-JI-0000D.0-0000.00

APU

243723JI0000D0000000

Description

This exceptional 42,980-square-foot multi-tenant industrial flex space in Cape Canaveral, Florida, presents a compelling value-add investment or owner-user opportunity. Located on a 1.84-acre lot at 7077 N Atlantic Ave, 32920, this Class B property boasts a prime location in Brevard County. The building, constructed in 1964 and renovated in 2020, features approximately 15,000 square feet of flex office space, 24,000 square feet of manufacturing space, and additional open shell space ready for customization. Currently, the property has 25% occupancy with a month-to-month tenant, Wood River, occupying the front portion, offering potential for expansion. The back two stories will be vacant March 1st, providing immediate lease-up potential or space for an owner-user. The property includes 60 parking spaces and a 10-foot ceiling height. With a permitted C-2 zoning, this two-story building offers significant upside potential. The asking price is $5,350,000, with a price per square foot of $124.48. A pro-forma NOI of $558,740 is projected. This property is a rare find, combining existing income with significant expansion and renovation opportunities. The property's location on Florida's Space Coast provides excellent access to transportation and a growing market. This is an ideal investment for those seeking a strong return on investment in a dynamic location.

Location Insight

City

Cape Canaveral

County

Brevard

State

Florida

Longitude

-80.6065

Latitude

28.3811

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments